Open borders bring flow of funds into tax focus – not just ‘residency’ and cost base – think s99B, Div 7A and more

Following the easing of COVID-19 border restrictions, we have seen a steady increase in people relocating to Australia. Along with this international passenger traffic, there has been a marked increase in funds coming into the country, whether or not in connection with someone’s relocation. For tax practitioners, such relocations would ordinarily prompt thoughts of a change…